Home Sales On The Rise

Share prices of Home Builder KB Homes soared 8% after a better than expected earnings report.  Chief Executive Jeffrey Mezger said there was more demand from would-be home buyers in the first quarter than a year earlier. The company sold nearly 20% more homes in California last quarter, at an average price of $550,600 — about 5% higher than a year earlier.  As one of the larger home builders in the United States, high demand and higher prices for KB Homes bodes very well for the overall U. S Housing market and the U.S. economy as well.  To view then entire article from the Los Angeles Times CLICK HERE

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